Abstract

The global power shift that started over a decade ago has taken a most curious turn in recent years with the decadence of great power politics and the rise of new contenders. The multiple crises of globalization are imminent on international system. These multiple crises entail a nearly synchronistic eruption of the following international conundrums: 1) a global economic crisis that consists of a financial crisis, global recession and unemployment; 2) a crisis of hegemony and power that comes about with lack of leadership, multipolarity, a deluge within Western modernity and the emergence of multiple, alternative modernities; 3) the crisis of civilization accompanied by
global climate change, energy scarcity, depleting food resources, and eroding global social justice with skyrocketing rates of poverty, uneven and “uncompassionate” development, and inequality.